Abe, Koji; Kobayashi, Hajime; Suehiro, Hideo - Graduate School of Business Administration, Kobe University - 2014
developing a new economic theory of leadership. We study the prisoner' s dilemma in which players are endowed with Fehr and … sufficient condition for the existence of a leadership equilibrium. Then, we present a comparative statics analysis of the … equilibrium. Finally, we investigate who takes the leadership, depending on the game parameters. We provide a characterization of …